4515 Balcones DR, Austin TX 78731

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,873,674. I'd recommend coming to market at $1,394,000 to $1,404,000 to strike the right balance between value and market velocity. In the current BALCONES PARK market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 1960, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.50 acre lot (larger than the 0.45 acre average) is reflected in the estimate. Buyers in BALCONES PARK have 3 comparable options right now, with asking prices between $1,265,000 and $1,750,000. The trend in 78731 shows prices have fallen 15.3% in the past 6 months. 4506 Crestway DR, Austin TX 78731 nearby adjusts to $2,727,102; with a larger floor plan and a pool. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group